Home sales in the Greater Toronto Area experienced an 11.2% decline last year from 2024, as reported in a recent release. Economic uncertainties impacted consumer confidence in 2025, noted the Toronto Regional Real Estate Board (TRREB) in its December Market Watch report. The report highlighted that listing inventory remained high during this time, enabling negotiation of selling prices downwards and thereby enhancing affordability.
TRREB’s MLS system recorded 62,433 home sales by GTA realtors in 2025, with new listings totaling 186,753, marking a 10.1% increase year-over-year. The average selling price for the year was $1,067,968, showing a 4.7% decrease from the previous year’s $1,120,241.
According to TRREB president Daniel Steinfeld, decreased selling prices and mortgage rates in 2025 led to improved affordability in the GTA housing market, setting the stage for a potential recovery. TRREB CEO John DiMichele emphasized the need for tax relief from all government levels to alleviate the cost of living, enabling families and individuals to manage housing expenses and basic needs effectively.
TRREB’s chief information officer, Jason Mercer, highlighted the importance of federal initiatives in boosting the economy, which could have a positive impact on the GTA housing market. Prime Minister Mark Carney’s announcement of national projects in November and December aimed at enhancing economic self-sufficiency could further aid in stimulating home sales.
Specifically, in December 2025, home sales decreased by 8.9% compared to the previous year, with 3,697 reported transactions. New listings during the month increased by 1.8% year-over-year, totaling 5,299. The average selling price in December 2025 was $1,006,735, a 5.1% drop from December 2024. Seasonally adjusted figures revealed a slight decline in December home sales compared to November 2025, while new listings showed an increase.
